3 ms·
Indeed. That does not negate its base value even in barter. (Though it's much lower.) And especially items made with the use of gold can get really worthwhile
by AstralStorm 6y ago
Indeed. That does not negate its base value even in barter.
(Though it's much lower.)
And especially items made with the use of gold can get really worthwhile - such as semiconductor chips...
So in a funny indirect way, Bitcoin is tied to gold. Both of which are tied to specific costs of labour. Bitcoin however requires a lot of expensive infrastructure to run to be worth anything. (Esp. networking, required to ensure no fake mined bitcoins are in circulation.)
Even printed cash is better at this.
- brokenkebab 6y agoThe whole state is required for printed cash to be worth anything. I doubt it's cheaper in any comparison.